310 Mchenry Ave Modesto, CA 95354
- Retail space
- 10,096 SF
- 0.43 lot acres
Current Use by Public Records
- Retail space
Property Details for 310 Mchenry Ave
- Year built
- 1956
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.43 lot acres
- Property size
- 10,096 SF
- Zone code
- C2
- Property type
- Retail space
- APN
- 111-005-071-000
- APU
- 111005071000
Description
This exceptional Modesto, CA retail property presents a compelling value-add investment opportunity. Located at 310 McHenry Ave, this 10,096 square foot storefront sits on a 0.43-acre lot with approximately 148 feet of frontage on McHenry Avenue, near the Five Points Intersection and Downtown Modesto. The single-story, 1956-built Class C building is currently 100% occupied by four tenants under a gross lease structure. Note that there are no credit ratings available for the tenants. The property features a second-floor mezzanine providing additional space, ideal for storage. Recent improvements include the installation of two HVAC units for the central space and a parking lot resurfacing within the last three years. The property boasts 15 on-site parking spaces and is zoned C-2, offering potential for redevelopment. The asking price is $2,500,000, translating to $247.62 per square foot. This prime location and the potential for future development make this a rare opportunity for investors seeking significant returns. The property's APN is 111-005-071-000. This is a multi-tenant property with month-to-month or lease tenancies.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $355,000
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Location Insight
- Map
- Local Demand
- City
- Modesto
- County
- Stanislaus
- State
- California
- Longitude
- -120.993
- Latitude
- 37.6485
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA
